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Mar 4, 2014
03/14
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BLOOMBERG
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a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and all the weakness, why is he risking this? pretend to want to tell you what he is thinking, but maybe it is short-term here. compared to where the u.s. is. russia has a large amount of foreign exchange reserves. they can pay their bills for now even as the current account goes negative. resident who may be gambling if this lasts a short time, they could get in and get out without any further consequences, it is worth the risk. >> thank you. mike mckee. ofturn to another region uncertainty. president obama met with netanyahu at the white house yesterday. closelyries that work in
a small current account surplus which is likely to go into deficit as well. russia is ofat to course oil prices. the government spends about 25% of gdp and to keep the budget in balance, capital economics needs 100 $10rice of about per barrel. they are able to get that just barely but as american fracking increases the amount of supply in the world, their chances of getting that are going down. a rush road ahead -- rough road at thisr the economy point. >> if it is such a rough road and...
180
180
Feb 26, 2014
02/14
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BLOOMBERG
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there were not enough foreign reserves to handle the money leaving to finance the deficits. key point i would emphasize is let's go back to 300% of the total capital exposed to latin america. today when i do the analysis, all of the developed market angst have about 70% of their capital exposed to the emerging markets overall. the short answer is we just don't see a banking crisis contagion risk from the emerging markets right now. >> alex, thank you for joining us today. friedman, cio, from ubs wealth management live from zÜrich. >> we are getting numbers from the dutch nutrition business. fourth-quarter revenue coming in a touch billion euros, ahead of the estimate of 2.35 billion. , 316 million euros in the third quarter also just ahead of estimates. these are the final results and they are increasing their dividend repeating the aim to offset negative currency impact, something that they warned about back in january. it is something of a move downwards in the share price. lots of focus on the business they are trying to develop down to emerging markets and we will ask h
there were not enough foreign reserves to handle the money leaving to finance the deficits. key point i would emphasize is let's go back to 300% of the total capital exposed to latin america. today when i do the analysis, all of the developed market angst have about 70% of their capital exposed to the emerging markets overall. the short answer is we just don't see a banking crisis contagion risk from the emerging markets right now. >> alex, thank you for joining us today. friedman, cio,...
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Feb 28, 2014
02/14
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CNNW
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the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is always the best way to do it. that happened during the boom period of the clinton years, what a lot of people have been hoping would happen once we got past the fiscal headwinds in washington, that we get back on a growth path. what's interesting, though, there is actually a cbo study out looking at the longer term impact on budget deficits. and we have to keep growing faster in order to keep it down. we go back to a 2% economy, those numbers will tick right back up. so the jury is still out on this. >> because that cbo report that came out the other day, it said right no
the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is...
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121
Feb 26, 2014
02/14
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KCSM
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it's not getting its deficit under control. in front so that economic growth is always holding the covering supported by a brother to me to pick up truck in private consumption. europe's powerhouse germany could be in trouble selling a completely different way gemini is in showing steady growth thanks to blame domestic demand. but it's been criticized by other nations for escorting far more points than it imports that could be against eu worlds. grants commission is due to produce a report on the matter next week alternative markets now where we got a lot of mixed signals and trading in germany as a reporter at the frankfurt stock exchange the lead ups. these are good times for german companies for the big ones in the backs of all the more. basf has in the us prison as medical care the charter company a subsidiary of freezing spl presented solid results basf with a two thousand thirteen as good as never before. but it was not enough for investors. all three shares went down. indeed it is an answer and cousin yes medical care tu
it's not getting its deficit under control. in front so that economic growth is always holding the covering supported by a brother to me to pick up truck in private consumption. europe's powerhouse germany could be in trouble selling a completely different way gemini is in showing steady growth thanks to blame domestic demand. but it's been criticized by other nations for escorting far more points than it imports that could be against eu worlds. grants commission is due to produce a report on...
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174
Mar 5, 2014
03/14
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CSPAN
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference this morning? is chancellor merkel right that he has lost touch with reality? have you spoken to him personally? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in kiev as we speak, at my direction. he's expressing our full support for the ukrainian people. over the past several weeks, we've been working with our partners an
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much,...
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90
Mar 4, 2014
03/14
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he also underscores a pressure has faded to launch bold, new attacks on federal deficits. the president's fiscal blueprint expected to include proposals to upgrade aging highways and railroads, finance more prekindergarten programs and enhanced job training. the white house said it would also enlarge the current income tax credit to cover 13.5 million low aren't workers without children, expand the childcare tax credit for some parents, and make it easier for workers to contribute to individual retirement accounts. >> president obama will talk about his budget proposal to an elementary school here in washington, d.c. we'll bring you his remarks live at 11:30 eastern on our companion network c-span and we invite you to weigh in on your thoughts on the president's proposal at facebook and twitter using #cspanchat. later the white house budget office will hold a briefing with budget director sylvia mathews burwell and policy advisers. live at 12:45 p.m. eastern also on c-span. here on c-span2 we will go live to the heritage foundation for discussion of the future of ukraine.
he also underscores a pressure has faded to launch bold, new attacks on federal deficits. the president's fiscal blueprint expected to include proposals to upgrade aging highways and railroads, finance more prekindergarten programs and enhanced job training. the white house said it would also enlarge the current income tax credit to cover 13.5 million low aren't workers without children, expand the childcare tax credit for some parents, and make it easier for workers to contribute to individual...